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The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 730 $ 760 $ 840 $ 920 a. Accounts receivable at the beginning of the year are $320. Litzenberger has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16). Negative amounts should be indicated by a minus sign.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 730 760 840 920 Cash collections Ending receivables $ $ $ $ b. Recalculate the cash collections with a collection period of 60 days. (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16). Negative amounts should be indicated by a minus sign.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 730 760 840 920 Cash collections Ending receivables $ $ $ $ c. Recalculate the cash collections with a collection period of 30 days. (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16). Negative amounts should be indicated by a minus sign.) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 730 760 840 920 Cash collections Ending receivables $ $ $ $
Delagold Corporation is issuing a zero-coupon bond that will have a maturity of fifty years. The bond's par value is $1,000, and the current yield on similar bonds is 7.5%. What is the expected price of this bond, using the semiannual convention?
Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 10%; if you buy it, you plan to hold it for 5 years. You (and the market) have expectations that in 5 years, the yield t..
A share of stock is now selling for $105. It will pay a dividend of $7 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year? Assume the risk-free rate is 7% and the expected rate of re..
Calculate the profitability index (PI) for a project whose present cash flow value is $500,000 with an initial investment of $430,000.
During the year, the Discount Tire Company had gross sales of $1.16 million. The firm’s cost of goods sold and selling expenses were $535,000 and $225,000, respectively. They also had notes payable of $900,000. These notes carried an interest rate of..
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 14 percent, and the company just paid a di..
A firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. What is the firm's times-interest-earned ratio? show work
Choose a product from the list. Name and describe the product category below. What types of products are included? Breakfast Cereal, Dairy products, Footwear.
Shinoda Corp. has 8 percent coupon bonds making annual payments with a YTM of 7.4 percent. The current yield on these bonds is 7.75 percent. How many years do these bonds have left until they mature?
“The economic, social, and environmental costs of globalization have altered business practices.”
As of 2015, per capita spending on health care in the United States was about $9000. If this amount increased by 5 percent a year, what would be the amount per capita spending for health care in 12 years?
Did you ever stop to think about the importance of the finance function for a successful, multinational company (i.e, McDonalds, Apple, Johnson & Johnson, etc)? Someone has to manage the cash flow, bank relations, payroll, purchases of plant and equi..
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